Staying in the Black

Stay in the Black is dedicated helping teachers get their money straight and live their fullest life on a public servant salary Are you a teacher living check to check? Are you worried about your student loans? Can you afford to purchase a home? Can you afford to have children or send them to college? In this podcast we will cover pensions, student loans, side hustles and ways to maximize and expand your finances. We will also cover budgets, saving, credit and more! You will find information, interviews, book reviews and you will leave with action steps to help you Stay in the Black, for more go to stayingintheblk.com

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Staying in the Black

What is Wealth?

March 21, 2025 • Ms. Black

In this episode Ms. Black discusses the definition of wealth and the importance of defining it for yourself. She shared a newsletter on Substack How to be Rich by Andrew Lokenauth including the steps he defined in Building Wealth:

Define What Wealth Means to You
Declutter Your Life
Invest in Relationships, Not Things
Create Daily Wealth Rituals
Learning the Art of Savoring

And provides a frameworks for your wealth journey including the R.I.C.H. Life Assessment below:

The R.I.C.H. Life Assessment
Rate yourself from 1-10 in each of these areas:

R- Relationships: How strong are your connections with family and friends?

I- Inner peace: How often do you feel calm and content?

C- Contribution: Are you making a difference in ways that matter to you?

H- Health: Do you have the energy and wellness to enjoy each day?

Your lowest scores show where to focus first. Set one small goal to improve in that area this week.

Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $1M in her retirement accounts beyond her pension.

Learn more about Ms. Black:

Website: http://www.stayingintheblk.com

Instagram:@stayingintheblk